Is Bitcoin price a deciding factor for new/old investors?

[Lucius]

If we're going to be honest, the thing that is most talked about and written about when it comes to Bitcoin is the price, so accordingly the question can be raised as to how much the price is actually a decisive factor in the decision to invest in it. What I have noticed over the years is that most people look at numbers from a perspective that is obviously acceptable to them much more than it really makes sense.

Let's take for example an offer that would be put in front of a new Bitcoin investor. This investor plans to invest approximately $2500 in cryptocurrencies and is looking for advice - for that amount he is offered 0.04 BTC or 1 whole coin (no matter what it's called). Will that investor decide that it is better to buy one whole coin or will he still decide to buy only 4% of BTC?

I have personally met people who, in this kind of calculation, choose what seems to them (at least numerically) more, and thus give up investing in Bitcoin. Numbers can sometimes be a very confusing factor, but sometimes less is actually more and better.

[Rikafip]

I have personally met people who, in this kind of calculation, choose what seems to them (at least numerically) more, and thus give up investing in Bitcoin. Numbers can sometimes be a very confusing factor, but sometimes less is actually more and better.

Unfortunately I did exactly the same thing when I heard about bitcoin for the first time, sometimes back in late 2013.

I knew too little  about bitcoin (and also thought its way too expensive and that I am too late) back then to spend ~1k on buying 1 whole one so instead I spent few hundreds of dollars on shitcoins and probably many made the same mistake I did.

[famososMuertos]

Well! They say around here that this type of situation or context is  "conchita de mango".

The facts are there so, it is not about going around the issue from other angles, the fraction in this case is the best option, read well the best, not the only one, since for this mental exercise we are talking about hypotheticals.

So, it is a question of the nature of the individual and how much he is informed, someone with skills for trade definitely makes the investment profitable where he puts his money, on the other hand a neophyte who only sees the shine of the whole, that is, the absolute value ignores the portions.

From my point of view, your idea is very misleading and even naive. That is, we fall into the idea of; "what weighs more a kilo of feather or a kilo of gold". And even more so when you polarize the idea to "the currency does not matter".
but...
Finally, it is a good educational exercise in learning the non-decisions that must be made in the investment process.

 

[Hamza2424]

I knew too little  about bitcoin (and also thought its way too expensive and that I am too late) back then to spend ~1k on buying 1 whole one so instead I spent few hundreds of dollars on shitcoins and probably many made the same mistake I did.

Hmm that so sad, but I've seen many more stupid decisions on those days by different people with greed. Anyway there was a little exposure to this market in those days haha so there's nothing to regret just don't repeat the similar mistakes in order to service in this financial market. TBH the speculated potential of crypto market says you are not late, even you are the early ones so grab the opportunity even though there's high risk. No one knew the possible gains of Bitcoin in those days.

[Fivestar4everMVP]

I believe that there is nothing wrong with diversifying, which simply means that that amount of money can be divided into two parts or more, where the first part can be invested in bitocoin alone, while the rest of the money can be divided and invested on or into several young and promising crypto assets.

It is important we all know that Altcoins can make alot of profit too for investors if the investors did their home work really well, the risk is higher in terms of chances of losing money, but then, if the trade is won, the reward is always worth the risk.

[yhiaali3]

Yes, this is an unfortunate fact. Personally, I was subjected to such a situation and the decision was wrong, but now after I got enough experience if I had the option again, I will buy bitcoin even if the quantity is less.

Certainly, new investors in the market will prefer to search for Altcoins or shitcoins because they think that they will achieve a quick profit, unaware of the high risks that they will be exposed to and that may lead to the loss of their money, but we cannot blame them because everyone is looking for a quick profit.

[taufik123]

$2500 is not too big, but enough to make an investment.
I do love Bitcoin, but there are a few things that make me exclude it from the list when I have very little funds on hand.

I would choose to invest in other altcoins or diversify into the top altcoins with higher upside potential.
Start trading in the short term to take some profits so that it can be $5000 or even more and then from those profits I can use 50% to invest in bitcoin for the long term and there is still the remaining half to start another trade.

[Vision pro]

Now is the best time for me to hold bitcoin because bitcoin is only around 50 to 60 thousand if you do market analysis throughout the year you can understand when to buy bitcoin in my opinion bitcoin is best if you buy bitcoin between August and October.  It is good because by the end of 2024 the price of bitcoin will rise but by 2025 there is a possibility that bitcoin will reach 100000 dollars so in my opinion if you want buy and hold bitcoin now and be self sufficient.

[bitterguy28]

Yes, this is an unfortunate fact. Personally, I was subjected to such a situation and the decision was wrong, but now after I got enough experience if I had the option again, I will buy bitcoin even if the quantity is less.

i am not in a hurry because i am not thinking of bitcoin as my job it is an investment and i am aware that my daily needs should come from somewhere else hence why it is okay for me to accumulate bitcoin slowly but surely i am not happy with how much i have right now but it does not mean it is all i will have in the future

Certainly, new investors in the market will prefer to search for Altcoins or shitcoins because they think that they will achieve a quick profit, unaware of the high risks that they will be exposed to and that may lead to the loss of their money, but we cannot blame them because everyone is looking for a quick profit.

if you know how to manage risks then by all means go ahead and do it but if you are a new investor you might expect all the coins you encounter to be successful but sooner you will just realize that it is not indeed true i pick bitcoin because it has stayed and it will stay for a long time

[yhiaali3]

if you know how to manage risks then by all means go ahead and do it but if you are a new investor you might expect all the coins you encounter to be successful but sooner you will just realize that it is not indeed true i pick bitcoin because it has stayed and it will stay for a long time

Unfortunately, most new investors entering the market do this, and then discover their mistake after it's too late and after they suffer a huge loss or lose their money.

The problem is that most investments have become dependent on media hype. We see many shitcoins that were pumped into the media and then faded away after a short period. New investors are not looking for reliable and strong projects, but unfortunately they only follow the media hype.

[TomPluz]

I have personally met people who, in this kind of calculation, choose what seems to them (at least numerically) more, and thus give up investing in Bitcoin. Numbers can sometimes be a very confusing factor, but sometimes less is actually more and better.

Unfortunately I did exactly the same thing when I heard about bitcoin for the first time, sometimes back in late 2013.

I knew too little  about bitcoin (and also thought its way too expensive and that I am too late) back then to spend ~1k on buying 1 whole one so instead I spent few hundreds of dollars on shitcoins and probably many made the same mistake I did.

I think most of us who are not actually experienced investors in the first place had undergone the same kind of thing when we first saw Bitcoin even back the time when the price was not yet that high. And it is because we really don't know that eventually the price will be reaching as it is now...we could not predict the future so there is always that fear inside of us as money we have is hard-earned and as much as possible we are avoiding the possibility of loss. And remember that cryptocurrency industry is mired with hypes, half-lies and so many exaggerations so it is also difficult especially to newcomers to decide the right way. Lucky are those who brave the way and really stake their lot as they are now enjoying the fruits of their Bitcoin investments.

[ABCbits]

Price is definitely a factor, i've seen few people assume they must buy 1 whole Bitcoin. People also more used to see natural number (1, 2, 3, ...), so looking at fraction (especially value under 1) feels weird. It's one of reason Bitcoin community should consider smaller unit (such as mBTC or bits).

[0t3p0t]

I have personally met people who, in this kind of calculation, choose what seems to them (at least numerically) more, and thus give up investing in Bitcoin. Numbers can sometimes be a very confusing factor, but sometimes less is actually more and better.

Unfortunately I did exactly the same thing when I heard about bitcoin for the first time, sometimes back in late 2013.

I knew too little  about bitcoin (and also thought its way too expensive and that I am too late) back then to spend ~1k on buying 1 whole one so instead I spent few hundreds of dollars on shitcoins and probably many made the same mistake I did.

Same here. I personally regret not buying from those days because Bitcoin that time I think was $300-$400 dollars when I first knew this new digital money. I was too skeptical of it before because I heard a lot of negative things like scam but thta decision to not embrace Bitcoin that early would make me miss that opportunity to make good fortune or even make me achieve financial freedom. But nowadays we only wish to buy when there is pullbacks which is way too high compared what price we got in 2014 but we are still hoping to get good profit even in this high prices.

[EluguHcman]

If we're going to be honest, the thing that is most talked about and written about when it comes to Bitcoin is the price

Yeah. Discussions about the price of Bitcoin is the most speculated about it because it has already created existence awareness and has achieved great volumes of adoptors so, users are more concerned about it potentials such as the price values where investors and traders are expected to be a store of values and basically how to make good profits as source of incomes potential it portrays.

[MrSpasybo]

Yes, this is an unfortunate fact. Personally, I was subjected to such a situation and the decision was wrong, but now after I got enough experience if I had the option again, I will buy bitcoin even if the quantity is less.

Certainly, new investors in the market will prefer to search for Altcoins or shitcoins because they think that they will achieve a quick profit, unaware of the high risks that they will be exposed to and that may lead to the loss of their money, but we cannot blame them because everyone is looking for a quick profit.

We've had to go through many bullruns and bearsleeps to understand the BTC value for long-term investment portfolios. The quantity of BTC in portfolio doesn't matter, whether it's 1 or 0.01 BTC. We should only focus on the returns BTC can generate from the capital we've invested.

Many people say that BTC is too expensive even though they know they can buy $10 worth of BTC on Binance. What they mean is that BTC price is too high and the growth potential isn't as great as many other ALTS. That's a sign of a lack of experience in the crypto market ^^

I've been DCA BTC throughout the crypto winter, which reaffirms my belief in BTC value. However, at the moment, if I had $2.5K, I wouldn't choose BTC but would buy a few ALTS at low price zones such ATOM, DOT, ARB, PYTH... I believe that the rise of BTC will trigger an altseason in Q4 2024 or Q1 2025 and these potential ALTS will generate higher returns, especially since I think BTC price can only reach $150K-$170K in this cycle.